Analysis for October 25th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows the downtrend. Bullish Tweezers pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
At the H1 chart of EUR USD, bullish Tweezers pattern indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Harami pattern indicated that the bullish tendency continues. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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